BUSINESS

Vice President, Dr Mahamudu Bawumia, on Saturday joined Naa Abe-ifaa Karbo III, Paramount Chief of the Lawra Traditional Area, to climax the commemoration of their 43rd Kobine Festival which celebrates the efforts of farmers. Dr Bawumia recounted multiple successes of social and agricultural interventions introduced by government to improve living conditions of the populace. He said President Nana Addo Dankwa ...

Total Petroleum Ghana Limited (Total Ghana), a leading oil marketing company in the country, has been adjudged the Petroleum Company of the Year at the Chartered Institute of Marketing Ghana (CIMG) Award held in Accra. A statement issued in Accra said the citation from CIMG commended Total Ghana for putting measures in place to be the preferred brand amongst the ...

Executive Director of the Institute for Fiscal Studies (IFS), Prof. Newman Kwadwo Kusi, has decried the quantum of tax revenue that goes into debt repayment – saying it is time government put in efforts to restructure the tax system to rake in more revenue. According to the economics professor, 84 percent of the country’s tax revenue goes into repaying interest ...

Power distributors, PDS say they have fixed the challenges that made it impossible for some consumers to purchase power during the weekend. “Affected customers can now visit their District Office or the closest prepaid vendor shop to buy,” a communiqué from PDS said. Consumers took to social media to complain about the difficulty in purchasing power over the weekend. Others ...

The African Centre for Energy Policy (ACEP) is predicting that Ghana will not be able to repay its $2 billion barter agreement with China if it relies solely on revenue from the proposed Integrated Aluminum Industry. This is contained in a paper published by ACEP that analyses the plan as put out by government. Parliament in July 2017 approved the ...

Chief Executive Officer of Tropical Cable and Conductor Limited Dr Tony Oteng-Gyasi has revealed that he has the potential to turn around the fortunes of suspended electricity service distributor, Power Distribution Services (PDS), when given the chance. According to him, the price of power will reduce if PDS is efficiently managed. He admitted that people will benefit and make money ...

Utility consumers will from today see an upward adjustment in their tariffs, the Public Utilities Regulatory Commission (PURC). Both water and electricity have been affected in the latest adjustment. A statement announcing the changed said: “Following a review of Electricity and Water Tariffs for the fourth Quarter 2019 which is from October – December 2019, the PURC wishes to announce ...

Ghanaian startup, Dext Technology Limited, is to supply 500 schools in the United Kingdom educational resource packs including its widely acclaimed Science Set that will be used to help build students creative capacity and introduce problem-solving as well as innovation. According to a release by the company, the project is a collaboration between the Ghanaian start-up and the Royal Academy ...

The founder of the now-defunct UT Bank, Prince Kofi Amoabeng has described as unfair and unfortunate, the revocation of the licence of Ghanaian-owned Heritage Bank Ghana Limited. Asked directly by TV3’s Paa Kwesi Asare in an interview on Business Focus: ‘Do you think, as many think, that some of the decision to close down certain banks was politically motivated?’, Mr ...

MASO, a programme under the Youth Forward initiative led by Mastercard Foundation, is currently transforming the lives of over 11,000 out-of-school young people across Ghana in the agriculture sector. MASO is a five-year programme focused on creating employment opportunities for young people between the ages of 15 and 25, mostly in cocoa-farming communities in Ghana, implemented by Solidaridad, Aflatoun, Ashesi ...